Africa has 2490 people with a fortune of at least $ 30 million by the end of 2017, according to Wealth-X

Boubacar Diallo

By the end of 2017, there were 2490 people in Africa with a personal wealth of at least $ 30 million, according to a study published last September by the Singapore research firm Wealth-X. This figure represents an 8.5% increase over 2016.

Entitled “World Ultra Wealth Report”, the study highlights that these ultra-rich African people had a cumulative fortune of $ 305 billion as at December 31, 2017, up 5.7% over 2016.

“The economic situation has improved slightly, helped by the recovery of raw materials and more sustained growth in consumption in countries such as Nigeria, Ethiopia and South Africa,” said the authors. the study.

“African equity markets have generally performed well, but the continent has suffered from the depreciation of national currencies against the US dollar and from a destabilizing global context marked by weak institutions, high debt levels and a decline in debt. foreign aid, “they added.

Globally, Wealth-X had 255,810 ultra-rich people at the end of last year, up 12.9% from 2016.

The cumulative fortunate of these people increased by 16.3% in one year, reaching 31.5 trillion dollars.

With an increase of 18.5% in the number of ultra-rich individuals it houses between 2016 and 2017, Asia was the main driver of this growth, ahead of Latin America and the Caribbean (+ 18.1% ), the Pacific region (+ 15.3%), Europe (+ 12.8%) and North America (+ 9.5%).

By 2022, Wealth-X expects the total number of ultra-rich people in the world to reach 360,390, an increase of nearly 105,000 over 2017. Their cumulative wealth should, for it, peak at $ 44.3 trillion.

Agence Ecofin

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